Indian textile major Arvind Limited will invest Rs 300 crore (approx $46 million) to set up a textile and apparel park in the state of Andhra Pradesh to boost its production capacity, said a top company official.

The Central Bureau of Investigations (CBI) has made four more arrests in the $2 billion fraud case involving state lender PNB, widening the investigation of the biggest banking fraud in the country’s history.

European and U.S. competition regulators on Thursday approved the 48-billion-euro (42.49 billion pounds) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor, sending shares in both companies higher.

​The latest update to the Changing Markets Foundation’s “Dirty Fashion” report has re-investigated two Aditya Birla textile factories in India and Indonesia and stated that conditions have worsened over the past year.

​The National Institute of Fashion Technology (NIFT) will invest Rs 30 crore (approx $4.6 million) to conduct a national sizing surveythat will help with a standardised 'India size chart' for ready-made garments.